Ashton Thomas Private Wealth LLC Purchases 5,038 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Ashton Thomas Private Wealth LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 153.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,327 shares of the semiconductor company’s stock after acquiring an additional 5,038 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Texas Instruments were worth $1,561,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments in the third quarter worth about $28,000. Financial Life Planners bought a new stake in shares of Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $28,000. 84.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on TXN. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Barclays dropped their price target on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company dropped their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Finally, Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.20.

Texas Instruments Stock Up 0.6 %

Shares of NASDAQ TXN opened at $190.52 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 4.12. The firm has a market capitalization of $173.36 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.30 and a beta of 0.98. The stock has a 50 day moving average price of $189.62 and a 200 day moving average price of $197.43. Texas Instruments Incorporated has a 52-week low of $159.11 and a 52-week high of $220.38.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period last year, the business earned $1.49 earnings per share. Sell-side analysts expect that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is 104.82%.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total transaction of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company’s stock, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 97,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the transaction, the chairman now directly owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 297,655 shares of company stock valued at $59,841,304 over the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.